Connect with us

Hi, what are you looking for?

HorizonLifeTime.comHorizonLifeTime.com

Tech News

Ubisoft responds to rumors about Tencent’s potential buyout

A screenshot from the video game Star Wars Outlaws.
Star Wars Outlaws sold fewer copies than expected. | Image: Ubisoft

Ubisoft is addressing rumors that Tencent is exploring a buyout of the French game publisher — though it isn’t saying much right now. In a statement on Monday, Ubisoft said it “regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate.”

The statement follows an earlier report from Bloomberg, which says the Chinese gaming giant Tencent and the Guillemot family, who founded Ubisoft, are looking into ways to “stabilize Ubisoft and bolster its value.” Ubisoft shares plunged 19 percent last month following news that it’s delaying the launch of Assasins’s Creed Shadows and reported lower-than-expected Star Wars Outlaws sales.

One of the options Ubisoft is considering is…

Continue reading…







    Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.




    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Quickly coordinate e-business applications through revolutionary catalysts for change. Seamlessly underwhelm optimal testing procedures processes.

    Investing

    Collaboratively administrate turnkey channels whereas virtual e-tailers. Objectively seize scalable metrics whereas proactive e-services.

    World News

    Post Content

    Editor's Pick

    Jennifer Huddleston In July 2024, millions of individuals and businesses found their lives disrupted by a global IT outage caused by a faulty update...